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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
HUNGARY
- USDHUF ticks lower this morning after finding a local high at 302.70 yesterday; next resistance to watch on the topside stands at 305. On the downside, first support stands at 299.50 (50DMA), followed by 297.70 (200DMA).
- EURHUF also ticks lower this morning after nearly testing its 355 resistance yesterday; a break above that level would have opened the door for a move up to 356.80 (200DMA). On the downside, first support stands at 352.50 (100DMA), followed by 350.
- HUFJPY ticks higher this morning after finding support slightly below its 200DMA at 36.35; a break below that level would have opened the door for a move down to 36.05. On the topside, first resistance stands at 36.70, followed by 37. (scale*100).
- CZKHUF ticks higher this morning and is currently trading slightly above its 50DMA at 13.86; next level to watch on the downside stands at 13.84 (200DMA), followed by 13.8250 (100DMA). On the topside, key resistance stands at 14.
- PLNHUF retraces lower this morning after failing to break through its 77 resistance yesterday; next level to watch above that stands at 77.37 (50DMA). On the downside, first support stands at 76.
- GBPHUF has been retracing lower in the past few days after failing to break through its 413.50 resistance, which corresponds to the 38.2% Fibo retracement of the 384.40 – 431.50 range. Support to watch on the downside stands at 411.30 (100DMA), followed by 410. On the topside, first resistance to watch above 413.50 stands at 415, followed by 418.30. (chart below).
Source: Bloomberg/MNI
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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